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Follow on Google News | Pacific Industrial Lands Another LA DevelopmentActive Southern California development firm closes fourth transaction of Q1 2015
By: Cushman & Wakefield Bordering the 710 freeway and within close proximity to the Ports of Los Angeles and Long Beach, this state-of-the- With this same development philosophy, Pacific Industrial achieved 100 percent occupancy prior to completion of construction for its 420,000+ square-foot, Class-A industrial project located directly across the 710 freeway in the City of Bell. “With so few land sites available in the Central Los Angeles market, we are excited to deliver another premier industrial project to this historically tight market,” explains Neil Mishurda, co-founder of Pacific Industrial. The City of Vernon continues to be particularly attractive for industrial users due to the fact that the city offers a range of advantages including the lowest utility rates in Southern California for electricity, natural gas, water, and fiber optics. “We are optimistic that the combination of our project’s aesthetic design, prime location, and the City of Vernon’s business-friendly environment, will attract quality, long-term occupants to the Pacific District Center,” adds Mishurda. Currently, the Central Los Angeles market boats a vacancy rate of 3.1%, its lowest level since the fourth quarter of 2008. “The Pacific District Center is being built in one of the tightest markets in Southern California,” Pacific District Center is expected to be completed by the first quarter 2016. ### More information about this project can be found at www.PacificDistrictCenter.com. About Pacific Industrial Pacific Industrial is a Southern California-based investment firm exclusively focused on the development and acquisition of industrial real estate. As one of the most active privately held development firms in Southern California, Pacific Industrial is currently developing several million square feet of industrial space and has closed over $400 million of transactions since 2012. For more information please visit: www.Pac-Industrial.com End
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